Stablecoin USDC Ditches Tron Network, Cites Risk Management (1)

The operator of the $28 billion USDC stablecoin, the second-largest such token in the digital-asset sector, axed support for the Tron blockchain created by crypto entrepreneur Justin Sun.

The decision arose from a “risk management framework” that “continually assesses the suitability of all blockchains” for the stablecoin, its operator Circle Internet Financial Ltd.said in a blog post on Wednesday. The action “aligns with our efforts to ensure that USDC remains trusted, transparent and safe,” added Circle, which will no longer mint the token on Tron.

TRX, a token linked to the Tron blockchain, is at the center ...